regulatory proceedings, Sepco failed to provide satisfactory responses to a show-cause notice

Join our Whatsapp channel ISLAMABAD: The Board of the Privatisation Commission has sought a detailed presentation from the Ministry of Power for divesting electricity distribution companies( Discos) to address outstanding issues in advance. The decision to speed up the privatisation process came a day after the release of the annual performa-nce reports by the National Electric Power Regulatory Authority( Nepra), which spoke about the poor performance shown by Discos in 2023-24, resulting in the

Now the SBP has announced a loaning facility on a six per cent markup for launching such small schemes, ” explained Lahore Electric Supply Company’s Market Implementation and Regulatory Affairs Director-General Altaf Qadir while talking to Dawn.... It allows any domestic, commercial, industrial and other consumers having at least a three-phase meter connection to be part of the power generation system by installing it on his/ her premises( house, shop, factory, open spaces, etc).... Similarly,

Play Video Play Loaded: 0% 0: 00 Remaining Time-0: 00 Mute Fullscreen This is a modal window. The media could not be loaded, either because the server or network failed or because the format is not supported.... Advertisement X The meeting appreciated the Discos from Islamabad, Gujranwala, Faisalabad and Multan for outperforming their targets for the period ending March 31, 2025 and congratulated their managements and boards.... “ A detailed action plan along with timelines may also be submitt

Fail to meet targets for new connections？... Transmission, distribution losses mount despite loadshedding ISLAMABAD: The performance of electricity supply companies declined in 2023-24, resulting in a loss of over Rs660 billion to the national exchequer.... The regulator said these losses are a major contributor to circular debt, adding that Discos’ performance deteriorated in FY24, with TD losses rising to 18. 08pc, up from 16. 38pc in FY23....

Pot-ential investors have also expressed concerns about the lack of clarity in regulations, tariff mechanisms, and the legal environment. Most Discos in Pakistan are running significant financial deficits, with nearly all reporting losses in FY23.... High losses and poor collection efficiency for supplied electricity drive these financial challenges.... The mounting financial pressures and operational inefficiencies exacerbate circular debt and undermine the energy sector’s financial sustainab

Join our Whatsapp channel NAWABSHAH: As Sindh has been in the grip of a heatwave for around a week, the harsh weather is taking a toll on people’s health with heatstroke and gastroenteritis on the rise in many districts and towns amid prolonged power outages. While the Sindh health department downplayed the surge in cases, a large number of patients from different towns in Shaheed Benazirabad, Sanghar, and Naushahro Feroze districts have been reported to hospitals in their respective areas. Apri

Minister says Discos will be unable to continue power supply unless outstanding amounts are paid？... According to these letters, Sindh tops the list with payables totalling Rs59. 68bn as of September this year, followed by Balochistan’s Rs39. 6bn and Punjab’s Rs38. 01bn.... Lahore Electric Supply Company( Lesco) is the most affected company in Punjab with receivables worth Rs17. 27bn as of September, followed by Rs9. 90bn payable to Multan Electric Power Company( Mepco)....

Since 2014, the accumulated losses have reached a total of Rs5.9 trillion.... The government has already formed an SOE committee to categorise SOEs and define their paths toward privatisation or other corporate restructuring options.... Notably, no equity injections were made during this period....

KARACHI: Motorists jostle for space at a fuel pump in the Clifton area after fuel prices were raised to record levels, on Thursday. —Shakil Adil/ White Star？... Shaukat Tarin and Imran Khan had tied our hands by signing agreements with the IMF and then violated it, ” he said, adding that the new agreement would be signed with the IMF within June because they also wanted to see our budget and reform measures.... The prices of these three products have been jacked up by Rs60 per litre since May